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Downtown Westfield Office/Studio Space
For Lease
$425/Mo

11-38 Elm St, Westfield, MA 01085

Highly visible office/studio space in downtown Westfield. Utilities included.

Space SizeContact for details
Days on Market134

Property Features for 11-38 Elm St

General Information

Standard status Active
Listing Agency: Park Square Realty
Listed By: Melissa Lemanski
Source: Exprealty
Added: Apr 20 Changed: Aug 23 Last Checked: Aug 30 at 10:37PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Park Square Realty

Investment Insights

Based on property information with market context.

This Westfield office/studio space is available for rent in a highly visible downtown location along Routes 20/10/202. The property features large windows. It is suitable for someone who wants to move out of their home office. Electricity, heat, and air conditioning are included. The property is located two blocks from the Westfield Courthouse, with public and on-street parking nearby. It is an opportunity for attorneys, consultants, or creative professionals seeking an affordable workspace in Westfield’s revitalized downtown district. Adjacent connecting space is also available. The property has 187 square feet of space and is ready for move-in around July 1.

Key Highlights

  • Highly visible downtown location on Routes 20/10/202
  • Affordable, turnkey workspace with low overhead
  • Electricity, heat, and air conditioning included

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Auto Parts Store Garden Center Furniture & Home Goods Big Box & Wholesale Store Building Supply Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.09 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

879
Businesses Nearby

Demographics for 01085, MA

41,529
Population
17,054
Households
2.4
Avg Household Size
41
Median Age
33%
College-Educated
92%
High-School Grad
59.7 sq mi
ZIP Area
696
Density / Sq Mi
$83,821
Median Household Income
$44,737
Median Earnings
$1,064
Median Rent
$296,300
Median Home Value

Market

Lease Benchmarks for Westfield, MA

$16.16 /SF/Yr
Avg Asking Price
$8–$27.27 /SF/Yr
Price Range
5,310 SF
Avg Space Size

This space is priced 69% above the average of $16.16 /SF/Yr.

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Office units - Highly visible office/studio space in downtown Westfield. Utilities included.
Where is this office units located?
The property is located at 11-38 Elm St Westfield, MA.
What is the lease rate?
The lease rate is $425/Mo.
What are key features of this property?
This property features: Highly visible downtown location on Routes 20/10/202; Affordable, turnkey workspace with low overhead; Electricity, heat, and air conditioning included
More about this property
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